DV4 forms joint venture with APG Strategic Real Estate Pool and joint venture purchases Elephant & Castle Shopping Centre for £80 million ($131.3 million)
Clients DV4 Limited
Jones Day represented DV4 Limited, which is advised by Delancey Real Estate Asset Management Limited, in connection with the formation of a joint venture with APG Strategic Real Estate Pool relating to the development of major income producing villages in Greater London. As part of the transaction the new joint venture acquired the Elephant and Castle Shopping Centre from Key Property Investments (a joint venture between St. Modwen Properties PLC and Salhia Real Estate Company K.S.C.) for £80 million ($131.3 million).
In addition to M&A representation, Jones Day provided private equity, real estate, and labor advice regarding this transaction.